Regulator: Feds Face Rising Risks for Managing Fannie, Freddie (Washington Examiner) Excerpt: “The current situation is unsustainable, Watt said, not only because of the lack of capital at the two enterprises, but also because they cannot effectively compete against each other right now and create market discipline….”

The Big UH-OH (US News) Excerpt: “Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.”

Still No Deal for Britain on EU Reforms After All-Night Talks (Reuters) Excerpt: “No country has ever voted to leave the Union. Britain is the EU’s second largest economy and one of its two permanent members on the UN Security Council. Its exit would end the vision of the EU as the natural home for European democracies and reverse the continent’s post-World War Two march toward “ever closer union”.”

China’s Subprime Crisis is Already Here – Bad Loans Soaring (Contra Corner) Excerpt: “China’s bad loans have grown 256 percent in six years even as their ratio to total lending dropped. The true amount of debt that isn’t being repaid is open for debate. One example of how the data can be distorted: Banks are making increasing use of their more opaque receivables accounts to mask loans and potential losses, as Bloomberg News reports today.”

Venezuela’s Maduro Announces String of Emergency Economic Measures (Venezuela Analysis) The problems faced by Venezuela are more severe than most of the rest of the world can truly imagine. Reading the news nightmare is hardly the equivalent of living it. In an attempt to address these, Maduro’s address to the nation lasted five hours. Excerpt: “The economic initiatives include changes to the country’s multi-tiered exchange rate, an increase in the domestic price of gasoline, the implementation of a new tax system, and expansion of community control over food distribution.”

Personal Economics and Household Finance

Central States Pension Fund Proposes Drastic Cuts (Kansas City Business Journal) Anticipate that problems of pension solvency will spread. Plan for your personal solvency independent of any program benefits you’re otherwise anticipating. Don’t believe for a moment that funding cuts always affect someone else. Excerpt: “…In an effort to avoid the fund’s collapse, the Central States Pension Fund is proposing cutting benefits by 50 percent or more for a number of retirees.”

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James Wesley Rawles

James Wesley, Rawles (JWR) is Founder and Senior Editor of SurvivalBlog, the original prepping /survival blog for when the Schumer Hits The Fan (SHTF). He began SurvivalBlog in 2005. It now reaches more than 320,000 unique visitors weekly.
JWR is a journalist, technical writer, and novelist. His survivalist novel Patriots: Surviving the Coming Collapse, is a modern classic that reached #3 on the New York Times bestsellers list. Two of his other novels have also been best New York Times bestsellers.
Jim is the originator of the American Redoubt movement and a frequent talk show guest on shows such as Alex Jones. He is also a retreat consultant specializing in off-grid living, rural relocation, and survival preparedness.

Hugh James Latimer

Hugh James Latimer (HJL) is the Managing Editor of SurvivalBlog, the original blog for prepping and survival for when SHTF, where he manages the blog's day-to-day operations, applying his diverse technical, management, and editorial expertise.
HJL earned college degrees in engineering, metallurgy, and education and has worked as Technical Editor for five international technical journals and as an engineer for Sandia National Laboratories. His deep scientific background ranges from aerospace engineering to systems administration and owning his own technology-intensive business.
HJL is a firefighter/EMT, and Ham radio operator. He's a Libertarian, an Eagle Scout, and most importantly a devoted follower of Jesus and the Bible.

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